Hi, I’m Adam DeSanctis, this is The Mortgage Minute, the latest news from the Mortgage Bankers Association. Last week, MBA led a coalition of major industry trade groups and consumer advocates in sending a letter in support of the recently reintroduced in slightly revised version of the Home Buyer’s Privacy Protection Act, to house financial services and Senate Banking Committee leaders. The letter urges them to take SWIFT committee action on the measure as many of you have seen firsthand, consumers remain vulnerable to trigger leads, abuses most prominently through receiving an excessive number of phone calls and or texts after their credit is pulled as part of a real estate transaction. The reintroduction of the two bills reignites the debate to curb the abusive use of mortgage credit trigger leads other than inappropriately limited circumstances such as existing customer relationships. MBA will continue our efforts to work with a diverse set of coalition partners and our congressional allies to advance this needed legislative fix and we also need your help, go to mba.org/maa and click on the take action link to join our Mortgage Action Alliance Call to Action. By doing so, you can urge your elected representative and senators to co-sponsor and push for swift action on the House and Senate bills now. That’s it for this week. Thank you for listening.
Check out the Mortgage Action Alliance App and join in supporting the MBA’s efforts on “The Hill” in DC. You don’t have a member to participate. click the below link and click “Join MAA”
Mortgage Action Alliance
Adam DeSanctis, VP, Communication at Mortgage Bankers Association
As a strategic public affairs and communications executive with nearly two decades of experience, Adam has deep expertise in strategy, management, and media relations. He is widely considered to be an expert in a variety of communications, including advocacy, brand, executive, crisis, grassroots, and social media. In his career, he has been the MBA spokesperson on a wide variety of real estate research and advocacy-related issues, promoted MBA research and advocacy efforts to financial, political, and trade industry media and on MBA’s social media channels, and secured media opportunities for MBA leadership on key real estate trends and issues, generated media coverage for MBA’s research and data on mortgage applications, credit availability, homebuilder applications, mortgage forbearance/delinquencies, commercial real estate originations, and forecasts, and other industry analysis, developed key strategic initiatives for MBA’s organizational public affairs plan, media relations and member communications support for mPower, MBA’s Opens Doors Foundation and MBA’s Diversity, Equity, and Inclusion programs.